Argentina Smart Sensor Market

A sensor with an interfacing circuit forms a smart sensor, which is capable of making decision, logical function, and two way communications. Significant benefits offered by smart sensor are high reliability, minimal cost, high performance, and scalability. The major challenge associated with smart sensor is its pre-defined embedded functions that are provided during the designing stage of smart sensors. These are used in various applications such as aerospace & defense, automotive, biomedical, industrial automation, building automation, and consumer electronics among others. They are developed for the primary purpose of measuring brightness, acceleration, temperature, humidity, and material property. Due to its flexibility and miniaturization, smart sensors are now integrating into all automotive products, consumer electronics products, and wearable devices.

Argentina generates a market value of $35.05 million in 2014, which is 1.55% share of the global smart sensor market. It is anticipated to reach $180.02 million by 2018, at a CAGR of 50.54%.

The segmentation of this market is based on component and technology. In terms of component, the market involves MEMS accelerometer and gyroscopes, digital compass, and combos sensor. Based on technology, the market includes complementary metal-oxide semiconductor (CMOS) and optical spectroscopy among others. Key developments of this market are the introduction of smart sensors in healthcare sector, along with the increasing adoption of smart sensors in wearable technology.

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